MIRA INFORM REPORT

 

 

Report Date :

25.11.2014

 

IDENTIFICATION DETAILS

 

Name :

TABAN ABZARS PARS COMPANY

 

 

Registered Office :

4th floor , No Alley, Saadat Abad Ave, Tehran,

 

 

Country :

Iran

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Not Available

 

 

Line of Business :

Supplier of industrial equipment and tools

 

 

No. of Employees :

5

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Not Registered in Iran

Payment Behaviour :

--

Litigation :

--

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Iran

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

IRAN - ECONOMIC OVERVIEW

 

Iran's economy is marked by statist policies, an inefficient state sector, and reliance on oil, a major source of government revenues. Price controls, subsidies, and other distortions weigh down the economy, undermining the potential for private-sector-led growth. Private sector activity is typically limited to small-scale workshops, farming, some manufacturing, and services. Significant informal market activity flourishes and corruption is widespread. New fiscal and monetary constraints on Tehran, following the expansion of international sanctions in 2012 against Iran's Central Bank and oil exports, significantly reduced Iran's oil revenue, forced government spending cuts, and fueled a 60% currency depreciation. Economic growth turned negative in 2012 and 2013, for the first time in two decades. Iran continues to suffer from double-digit unemployment and underemployment. Lack of job opportunities has convinced many educated Iranian youth to seek jobs overseas, resulting in a significant "brain drain." However, the election of President Hasan RUHANI in June 2013 brought about widespread expectations of economic improvements and greater international engagement among the Iranian public, and early in Ruhani's term the country saw a strengthened national currency and a historic boost to market values at the Tehran Stock Exchange.

 

Source : CIA

 

Company Details

 

Company Name:                        Taban Abzars Pars Company

Company Trade Name:               -     

Address:                                   4th floor , No Alley, Saadat Abad Ave, Tehran, Iran 

                                                     

Telephone:                                +98 21 88583487-9

 

Fax:                                          + 98 21 88690349

Mobile:                                       -

Website:                                   -   

E-mail:                                      torabi@tabanabzar.com / dptrading@gmail.com

 

 

Registration & Legal Details

 

Note: the company is not registered in Iran.         

 

 

Capital 

 

Currency:                                     Iranian Rials

Nominal capital:                        -

Number of Shares: -

Type of Shares:  

Issued Shares: 

Value per share: -

 

 

shareholders

 

No Data

 

 

Principals

 

Name:                                                  Mr. Ali Torabi 

Position within the company:                  Manager

Country of Birth:                                     Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

National Code ID:                                   -

 

Name:                                                  Mrs. Zahra Mokhtari

Position within the company:                              Manager

Country of Birth:                                     Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

National Code ID:                                               -

 

 

Company Activities

 

Supplier of industrial equipment and tools

 

 

Employees

 

Company Employs:                 5

 

 

HQ Premises

 

Operates from:                        Owned, Office, Factory

Location:                                Central Business Area, Main Road

 

 

Imports

 

Imports :                                    Finished Goods

Import%:                                    30 %

Import from:                              Poland

Import terms:                           letters of credit

Additional:                               Balance of  70% purchased via local market

Agency:

Fabryka Narzędzi FANAR S.A

Poland

 

 

Export

 

It doesn’t export

 

 

Trading & Selling

 

Territory:                                               100% Nationality

Type of Customer:                                Retailers

Terms of sales:                                       letters of credit

Vehicles:                                                Total number of vehicles:2

 

 

Related Companies

 

No related companies.

 

 

Banks

 

Mellat Bank

Branch: Moalem

Bank Account No: 3237593727

 

 

Financial Information

 

Solicitor:  Mr.  Mehdi Ahmadi

Auditors: Mr. Mohammad Javad Arshadi

 

 

interview & reporter comments       

 

Date:                                                    24/11/2014

 

Name/Title:                                            Mrs. Zahra Mokhtari – Manager

                                                            She refused the registration details of the company.

                                                            It is not registered in Iran Registry.

 

Local Reputation:                                   The company being investigated is considered by local reporters to be a 

 

High Trade Risk and to be secured.

 

Owner/Shareholders Comments:

All of owners involved in the running of the business

 

Age of Business:  -

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.78

UK Pound

1

Rs.96.78

Euro

1

Rs.76.59

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SHG

 

               

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

 

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

New Business

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

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